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    Standout Brokerage Report: CLSA reiterates 'buy' on Tata Motors, here's why

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    Standout Brokerage Report: CLSA reiterates 'buy' on Tata Motors, here's why

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    Global brokerage CLSA reiterated its ‘buy’ call on Tata Motors with a target price of Rs 450.

    Global brokerage CLSA reiterated its ‘buy’ call on Tata Motors with a target price of Rs 450.
    According to the brokerage, Jaguar-Land Rover (JLR) started outperforming its peers in China and Europe and is only underperforming the US market now.
    While the brokerage firm expects a tough first half of FY22 for Tata Motors, it believes the free cash flow and deleveraging should continue in the second half of FY22 for the company.
    Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
    To watch other videos in this series, click on the Standout Brokerage Report tab below.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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